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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?


To: JACK R. SMITH JR. who wrote (5056)2/11/1998 10:56:00 PM
From: JACK R. SMITH JR.  Respond to of 14226
 
Jack,

Since no one is talking, you may talk to yourself. The caveat is to provide wise and useful information to your clients who pay you nothing.

Unpaid clients of a perhaps useless service.

Here is the analysis for the day!!

The stock market reaches new highs, but not by much. Small investors should be extremely careful here!! While there is not the extreme optimisims characteristic of a market top, there is a clear failure to break to new highs to any great extent. Let me sum it up for you--the bull is tired, extremely tired--will he have another kick or two left, perhaps, I do not know and this is a long, long bull market.

My advice here would be to adopt a rather defensive position and condolidate andy profit that has been made and wait for consolidation in the market for a further upmove if it happens.

Gold bull advice--perhaps a retreat here--pull in your horns and wait for the next bottom.

Same for GPGI bulls, wait for announcements of significance from the company. No great strength on the current run. Failure to significantly penetrate the 50 day high achieved yesterday.

Not negative, just watching, Jack!!

PS--sold some silver today, looking for some retracement there! Long term positive for that, however!



To: JACK R. SMITH JR. who wrote (5056)2/12/1998 3:45:00 AM
From: Scott Wheeler  Read Replies (2) | Respond to of 14226
 
Jack, no need to talk alone, you've got friends out here in e-land! [Eland - isn't that some sorta large So African antelope?] Well, never mind....speaking of e-things, I want to recommend E-trade. Not that I have experience with any other on-line brokers, mind you - I only know this one, but have been quite satisfied. Oh, you will have to wait on the telephone for 4 or 5 minutes sometimes and listen to bad jazz, but just once to get set up & the call is free (1-800-786-2575). And the trades are cheap - $19.95 for otc and (I think) $14.95 for NSE transactions - 5 shares or 500,000 shares. Best of all, once you have an account set up, you can do it all by clicks of the mouse. It's $1000 minimum cash or securities & they will be more than happy to handle all details of moving stock from your full-service-markup SEP-IRA guys to theirs! My dad moved his stocks over and wondered why in heck he had just paid over $500 for the same "service" at the other "brokers" and was still required to talk to some bozo for the privilege. Check it out...sw